If one of your firm's customers is "stretching" its accounts payable, this may be a nuisance but it does not represent a real financial cost to your firm as long as the customer periodically pays off its entire balance.
Answer the following statement true (T) or false (F)
False
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If a company erroneously records a $500 deposit as $400 in its books, which of the following must occur when reconciling the bank statement?
a. The company will have to increase the balance per the bank statement by $100. b. The company will have to increase the balance per the books by $100. c. The company will have to decrease the balance per bank statement by $100. d. None of the above
"How large is your family?" and "How critical is gasoline mileage to you?" are examples of questions asked in the _____
a. canned sales presentation b. need-satisfaction approach c. order-taking approach d. promotional money approach
Peter is writing an e-mail message to his staff that the new computers promised to arrive on Monday will be delayed for two weeks. He knows that many people will be frustrated because their current computers are slow and outdated. Which organizational pattern should his message follow?
A) direct pattern B) indirect pattern C) chronological pattern D) geographical pattern
?Techniques employed by firms to make their financial statements look better than they actually are, are called:
A. ?DuPont techniques. B. ?window-dressing techniques. C. ?trend analysis techniques. D. ?benchmarking. E. ?equity multipliers.